James Norrington, author of a deep dive into Rolls-Royce, discusses the company's impressive recovery, marked by a return to dividends and a 20% share price jump. He highlights the transformation in its civil aviation sector amidst post-COVID growth. Meanwhile, Jemma Slingo analyzes the UK banking landscape, revealing mixed performance among major banks while emphasizing opportunities for future growth amid valuation challenges. Both guests tackle insights on Smith & Nephew and other medical tech firms, underscoring market dynamics and investment strategies.

Jemma Slingo, an expert on utility company transformations, and Alex Newman discuss National Grid's ambitious £60 billion investment plans, pondering its shift from an income to a growth stock. Mark Robinson dives into Virtu Motors' struggles in the automotive market, revealing insights on valuations and future prospects. Lastly, Holly McKechnie navigates the complexities of investment trust costs, focusing on recent regulatory changes and what they mean for investors amidst the shifting landscape of the financial sector.